Psychology of Money with George Grombacher

Apr 14

In this podcast episode, George Grombacher, a seasoned finance professional, joins psychiatrists Fara and Grant to explore the psychological dimensions of financial behavior. They discuss how childhood experiences and observed behaviors from adults shape our financial habits, whether we lean towards saving or spending. Grombacher emphasizes the need to confront limiting beliefs about money, drawing parallels between people's discomfort with finances and math. The conversation touches on the impact of trauma on self-care, including financial health, and the importance of designing a life aligned with personal values. Grombacher's journey from a corporate environment to a more creative financial advisory role illustrates the transformative power of addressing one's relationship with money.

Key Takeaways

Childhood experiences and observed financial habits shape our approach to money and views on success and relationships.
"Doorknob comments" can reveal deep-seated feelings and attitudes towards money.
Emotional barriers and negative beliefs about money can hinder financial success.
Overcoming financial challenges can improve self-confidence and discipline, impacting overall well-being.
Financial self-care is crucial, especially for those with past traumas
Money management is about achieving a balance in life, not just in finances

In This Episode: